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Sublet a part of total of building

VGP – A foreigner who leased an office at District 2 hopes to sublet the office.

September 12, 2019 10:21 AM GMT+7

Question: Mr. Vu Hoang has a foreign friend who is living in HCMC. He rent an office in a commercial complex at District 2 (with a long-term lease contract and one-time payment). His friend wants to come back the U.S. in a period of time and hopes to sublet the office. 

Whether the foreigner is allowed to sublet the office for a third side including another foreigner, foreign organization, Vietnamese person, or organization?

Answer

According to the Ministry of Construction, under Point 4, Article 28 of the Law on Real Estate Trading, lessee has the rights to sublet a part of total of the building, if it is agreed in the agreement or the lessor agrees in writing.

Overseas Vietnamese or foreign entities may rent real estate for use; may purchase, rent, lease purchase houses as prescribed in laws on housing./.